cardanocommunity
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If we honestly admit whether we were wrong in guessing the price movement up or down at #cryptocurreny , I have to be honest, I was wrong if we look at it in the short term, but friends, we invested in #cardano in the long term and we have gone through almost all the worst price swings like what happened in 2018. 2022 until now, there is no more fear, there is only greed to add more savings $ADA
again and again. call us #cardanocommunity misled by very high ideals. we are waiting for #ath folds 10x to 100x 🚀
again and again. call us #cardanocommunity misled by very high ideals. we are waiting for #ath folds 10x to 100x 🚀
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$ADA almost 6x did not penetrate $0.7 and as many as 7k #cardano we were forced to sell, seeing that the price was not bullish again. we saw and acknowledged #cardano would not reach that number. maybe in 2025 but not now. Excuse me! . but later when we get our money back we will buy it at a cheaper discounted price. see you in 2025 #cardanocommunity stay bullish🥳
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$ADA don't give up friends, keep holding on, remember how long we lasted even when the market crashed and #cardano was priced at 0.24. now $ADA has gone up to 0.7 which is amazing. don't waste our wait #cardanocommunity all #Cryptocurency will rise as long as the fundamentals are good, and #ADAUSDT is in the top 10, what do we have to be afraid of friends. just be patient when it comes, it's inevitable at least $1. ❤🚀
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#ADAUSDT I didn't even see $ADA really go down take off, this is a normal correction that occurs when #Bitcoin gets slammed. salute to #Solana🚀 which skyrocketed like crazy, congratulations to its supporters. we are #cardanocommunity here still with the same and clear goal. support #cardano towards $1🥰. calm and patient friend.
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Some say that Cardano's price will lose to RCO Finance. Why is that? 🤔
* **Cardano is a bit sluggish**: Cardano's price has dropped a lot from its highest price 😓. Although there are signs of improvement, it is still unclear whether Cardano can return to its previous price.
* **RCO Finance is on the rise**: This coin is still new and in its early stages. However, many people are interested in RCO Finance because of its unique features, like having a smart investment advisor robot 🤖.
* **RCO Finance's profit potential is greater**: If we look at the predictions, the price of RCO Finance could increase many times over 🚀. Meanwhile, the predictions for Cardano are still not very clear.
So, which is better? 🤷♂️
It's also hard to say which is better. Both have their own advantages and disadvantages. If you like those that are already well-known and have a large community, Cardano could be an option. But if you want to try something new and have higher growth potential, RCO Finance could be an interesting choice! 💡
**But remember**, investing in the crypto world is risky ⚠️. Don't just believe this information. You should find out more before deciding to invest! 🧐
$ADA
**In short:**
* Cardano is not doing so well.
* RCO Finance is on the rise.
* Both have their own potential.
* Investing in crypto is risky.
What do you think? Don't forget to leave a comment! 😊💬
#CryptoExplorerFiesta #cardano #ADA #cardanocommunity
* **Cardano is a bit sluggish**: Cardano's price has dropped a lot from its highest price 😓. Although there are signs of improvement, it is still unclear whether Cardano can return to its previous price.
* **RCO Finance is on the rise**: This coin is still new and in its early stages. However, many people are interested in RCO Finance because of its unique features, like having a smart investment advisor robot 🤖.
* **RCO Finance's profit potential is greater**: If we look at the predictions, the price of RCO Finance could increase many times over 🚀. Meanwhile, the predictions for Cardano are still not very clear.
So, which is better? 🤷♂️
It's also hard to say which is better. Both have their own advantages and disadvantages. If you like those that are already well-known and have a large community, Cardano could be an option. But if you want to try something new and have higher growth potential, RCO Finance could be an interesting choice! 💡
**But remember**, investing in the crypto world is risky ⚠️. Don't just believe this information. You should find out more before deciding to invest! 🧐
$ADA
**In short:**
* Cardano is not doing so well.
* RCO Finance is on the rise.
* Both have their own potential.
* Investing in crypto is risky.
What do you think? Don't forget to leave a comment! 😊💬
#CryptoExplorerFiesta #cardano #ADA #cardanocommunity
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Wow, Cardano is no longer OK!
Bad news for Cardano fans. The price continues to fall and many analysts predict that it will fall even deeper. Some even say it can be as low as 15 cents!
Why is that possible?
There are several reasons why the price of Cardano is falling again. One of them is because many investors are selling Cardano. In addition, there are also some technical factors that make the price even lower.
But, don't give up just yet!
Although many are pessimistic, there are also those who remain optimistic about Cardano. They said, although the price is still falling, but the Cardano network itself is still growing and becoming more stable.
So, how is this?
If you still have Cardano, don't panic yet. But, you should keep an eye on the development. If you want to buy Cardano, maybe you can wait until the price stabilizes or there is good news from Cardano.
The bottom line:
The crypto market is very volatile. Prices can go up and down quickly. So, before you decide to invest, make sure you have done your research well and understand the risks.
Don't just follow along!
Important to remember: This is just general information, not an investment recommendation. Always do your own research before making a decision.
It's as simple as this, just imagine Cardano being sick. The price continues to drop because many people are selling. But, don't worry, there are also those who believe that Cardano will recover and its price will rise again. The point is, investing in crypto is like a guessing game. So, don't put all your money in one place.
$ADA #cardano #ADA #cardanocommunity #CardanoUpdates #CryptoExplorerFiesta
Bad news for Cardano fans. The price continues to fall and many analysts predict that it will fall even deeper. Some even say it can be as low as 15 cents!
Why is that possible?
There are several reasons why the price of Cardano is falling again. One of them is because many investors are selling Cardano. In addition, there are also some technical factors that make the price even lower.
But, don't give up just yet!
Although many are pessimistic, there are also those who remain optimistic about Cardano. They said, although the price is still falling, but the Cardano network itself is still growing and becoming more stable.
So, how is this?
If you still have Cardano, don't panic yet. But, you should keep an eye on the development. If you want to buy Cardano, maybe you can wait until the price stabilizes or there is good news from Cardano.
The bottom line:
The crypto market is very volatile. Prices can go up and down quickly. So, before you decide to invest, make sure you have done your research well and understand the risks.
Don't just follow along!
Important to remember: This is just general information, not an investment recommendation. Always do your own research before making a decision.
It's as simple as this, just imagine Cardano being sick. The price continues to drop because many people are selling. But, don't worry, there are also those who believe that Cardano will recover and its price will rise again. The point is, investing in crypto is like a guessing game. So, don't put all your money in one place.
$ADA #cardano #ADA #cardanocommunity #CardanoUpdates #CryptoExplorerFiesta
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good morning friends #cardanocommunity $ADA keep your spirits up, this big correction may be the last for #cardano at the price of $0.7 after this we are starting to move at the price of $0.8 although slowly but it will continue to rise and rise to a certain number #cardano not sleeping friends but we are preparing with many new projects that support and strengthen our feet. forever #cardano hold on, hold on and hold on🚀
#Write2Earn
#ADA/USDT 🚀
#cardano 🚀
#ADA
#signal
Target 1 0,5020$
target 2 0,5135$
short time😉
#ADA/USDT 🚀
#cardano 🚀
#ADA
#signal
Target 1 0,5020$
target 2 0,5135$
short time😉
See original
be patient friends, the time will come #cardano to fly high, ignore the dump market and be afraid of all the FUD. we are always ready #cardanocommunity
The Currency Analytics
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Cardano Blockchain Sees Surge in User Engagement, ADA’s Price Struggles to Keep Pace
Recent data reveals a remarkable surge in user engagement within the Cardano blockchain. Over the past month, the number of active wallets on the network has skyrocketed, reaching an impressive 600,000. This surge marks a significant 40% increase, doubling the lowest count observed in the last 30 days. This surge in user activity aligns with a notable boost in the decentralized finance (DeFi) ecosystem on Cardano, which currently boasts a total value of approximately $500 million.·
For the full story, head over to TheCurrencyAnalytics.com.
For the full story, head over to TheCurrencyAnalytics.com.
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Cardano: Down But Still Full of Potential! 📉✨
The price of Cardano is currently down a bit. However, don't worry! Many still believe that Cardano has the potential to rise again. Here are some reasons why many are still optimistic about Cardano:
Advanced technology: Cardano is designed to be a secure and efficient blockchain platform. 🔒💻Solid community: Many developers and investors support Cardano's development. 🤝Potential in the DeFi sector: Cardano has great potential to compete with Ethereum in the decentralized finance sector. 💸
Now, if we look at the predictions, how much can the price of Cardano go up? 📈
According to experts, the price of Cardano could rise quite high in 2024. However, remember, this is just a prediction. Crypto asset prices do tend to go up and down. ⚖️
What should you pay attention to before investing in Cardano? 🤔
⚠️Fundamentals: Learn about Cardano's technology and how the project is developing. 📚Technical analysis: Look at its price chart, and find out support and resistance levels. 📊Latest news: Follow Cardano news to stay updated. 📰
$ADA
#cardano #ADA #cardanocommunity #CardanoUpdates #CryptoExplorerFiesta
The bottom line is, Cardano has great potential, but don't rush into making a decision. Learn all the risks first and make sure you're comfortable with your investment. 💡
What do you think? Leave your comments! 💬
The price of Cardano is currently down a bit. However, don't worry! Many still believe that Cardano has the potential to rise again. Here are some reasons why many are still optimistic about Cardano:
Advanced technology: Cardano is designed to be a secure and efficient blockchain platform. 🔒💻Solid community: Many developers and investors support Cardano's development. 🤝Potential in the DeFi sector: Cardano has great potential to compete with Ethereum in the decentralized finance sector. 💸
Now, if we look at the predictions, how much can the price of Cardano go up? 📈
According to experts, the price of Cardano could rise quite high in 2024. However, remember, this is just a prediction. Crypto asset prices do tend to go up and down. ⚖️
What should you pay attention to before investing in Cardano? 🤔
⚠️Fundamentals: Learn about Cardano's technology and how the project is developing. 📚Technical analysis: Look at its price chart, and find out support and resistance levels. 📊Latest news: Follow Cardano news to stay updated. 📰
$ADA
#cardano #ADA #cardanocommunity #CardanoUpdates #CryptoExplorerFiesta
The bottom line is, Cardano has great potential, but don't rush into making a decision. Learn all the risks first and make sure you're comfortable with your investment. 💡
What do you think? Leave your comments! 💬
BOomm $ADA Go To The MOONN 🚀🚀🚀🔥🔥
few days ago i was shared about take long position at this coin $ADA more check our retweet .
And now you can check current price $ADA .. boom we make money and profit 37,27%.
any more transparent than us @Ksatria crypto ?? @Cardano Foundation
Let's vote ksatria crypto as your favourite binance square creator . let's visit our profile @Ksatria crypto and vote 🔥🚀🚀🔥🚀
#ADA #ADAUSDT #ADA! #cardano #cardanocommunity
few days ago i was shared about take long position at this coin $ADA more check our retweet .
And now you can check current price $ADA .. boom we make money and profit 37,27%.
any more transparent than us @Ksatria crypto ?? @Cardano Foundation
Let's vote ksatria crypto as your favourite binance square creator . let's visit our profile @Ksatria crypto and vote 🔥🚀🚀🔥🚀
#ADA #ADAUSDT #ADA! #cardano #cardanocommunity
$ADA cardano TAKE LONG position now
SL 0,3648
$ADA cardano TAKE LONG position now after passed our pullback area.
Our resistance area for $ADA cardano at range level 0,3400
Meanwhile our support area at range level 0,3296
Let's vote @Ksatria crypto as your favourite binance square creator . visit our profile and vote 🔥🔥🔥
#ADA #ADA/USDT #CardanoUpdates #Write2Earn #signals
SL 0,3648
$ADA cardano TAKE LONG position now after passed our pullback area.
Our resistance area for $ADA cardano at range level 0,3400
Meanwhile our support area at range level 0,3296
Let's vote @Ksatria crypto as your favourite binance square creator . visit our profile and vote 🔥🔥🔥
#ADA #ADA/USDT #CardanoUpdates #Write2Earn #signals
See original
we are here and stay here with #cardanocommunity #cardanodeveloperindonesia for all prices and touches. we support #Cryptocurency for a better future $ADA
See original
Cardano's boss, Charles Hoskinson, is still talking about Sui. He said that Sui is a very cool project and has an interesting innovation. But, he also did not forget to sneer at Solana. He said, Solana often makes mistakes and focuses more on marketing than making really useful technology.
Hoskinson remains convinced that Cardano is the most appropriate choice. He said that Cardano is more decentralized and has a clear plan for the future.
Cardano is speeding up again!
Cardano has just released the latest update, called Chang Hard Fork. With this update, Cardano is even more decentralized. In addition, Cardano is also creating a new project called Midnight, which aims to make transactions on Cardano more private.
Although there have been many innovations, the price of Cardano (ADA) has even gone down. This confuses many people. However, Hoskinson remains optimistic. He is very confident that Cardano will one day be more successful than Bitcoin.
Sui is growing again
Meanwhile, Sui is still a hot topic. The price of SUI coin rose drastically. Many people are attracted to Sui because of the innovations they have.
In conclusion, the world of crypto is really exciting! Many new projects are emerging and competing with each other. As investors, we should be smart in choosing which project is the most promising.
Important: Investing in crypto is risky. Don't just listen to people's opinions, yes! Before investing, try to find out more about the project you want to choose.
$ADA #cardano #cardanocommunity #CardanoEcoSystem #tradeplane
Hoskinson remains convinced that Cardano is the most appropriate choice. He said that Cardano is more decentralized and has a clear plan for the future.
Cardano is speeding up again!
Cardano has just released the latest update, called Chang Hard Fork. With this update, Cardano is even more decentralized. In addition, Cardano is also creating a new project called Midnight, which aims to make transactions on Cardano more private.
Although there have been many innovations, the price of Cardano (ADA) has even gone down. This confuses many people. However, Hoskinson remains optimistic. He is very confident that Cardano will one day be more successful than Bitcoin.
Sui is growing again
Meanwhile, Sui is still a hot topic. The price of SUI coin rose drastically. Many people are attracted to Sui because of the innovations they have.
In conclusion, the world of crypto is really exciting! Many new projects are emerging and competing with each other. As investors, we should be smart in choosing which project is the most promising.
Important: Investing in crypto is risky. Don't just listen to people's opinions, yes! Before investing, try to find out more about the project you want to choose.
$ADA #cardano #cardanocommunity #CardanoEcoSystem #tradeplane
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So, many people are talking about Cardano, especially about the price that could possibly increase to $2 by the end of 2024. Why is that?
Here are the reasons:
* Cardano is getting ready to move up a class: If we look at the graph, Cardano has shown positive signs. However, the crypto market as a whole is still a bit calm. Well, this could be a sign that there will be a big price movement soon.
* Comparison with the past: If we compare it to the previous Cardano price increase, there is a possibility that the price could break through $1.70 by the end of the year. But, make no mistake, there are other factors that could make the price go up even higher, even to $2.
* Latest updates and investor support: Cardano is about to make a major update, called the Chang hard fork. Well, this update is expected to make Cardano more sophisticated and attract the interest of many people. In addition, many big investors are buying up Cardano, this means they are sure that the price of Cardano will increase.
* Loyal Cardano holders: Although not many Cardano holders have made a profit, many are still loyal and believe that Cardano has a bright future.
Many people are optimistic that the price of Cardano will increase. There are several supporting factors, ranging from the latest updates, investor support, to comparisons with previous price increases. But remember, investing in crypto is full of risks. So, don't just listen to other people's predictions, but try to find out more about Cardano yourself.
Cardano has good potential to grow in the future. However, we cannot predict with certainty whether the price will reach $2 by the end of the year. It all depends on many factors, including overall market conditions.
Want to ask more about Cardano or other cryptos?
$ADA #CryptoExplorerFiesta #cardano #cardanocommunity #CardanoEcoSystem #Binance
Here are the reasons:
* Cardano is getting ready to move up a class: If we look at the graph, Cardano has shown positive signs. However, the crypto market as a whole is still a bit calm. Well, this could be a sign that there will be a big price movement soon.
* Comparison with the past: If we compare it to the previous Cardano price increase, there is a possibility that the price could break through $1.70 by the end of the year. But, make no mistake, there are other factors that could make the price go up even higher, even to $2.
* Latest updates and investor support: Cardano is about to make a major update, called the Chang hard fork. Well, this update is expected to make Cardano more sophisticated and attract the interest of many people. In addition, many big investors are buying up Cardano, this means they are sure that the price of Cardano will increase.
* Loyal Cardano holders: Although not many Cardano holders have made a profit, many are still loyal and believe that Cardano has a bright future.
Many people are optimistic that the price of Cardano will increase. There are several supporting factors, ranging from the latest updates, investor support, to comparisons with previous price increases. But remember, investing in crypto is full of risks. So, don't just listen to other people's predictions, but try to find out more about Cardano yourself.
Cardano has good potential to grow in the future. However, we cannot predict with certainty whether the price will reach $2 by the end of the year. It all depends on many factors, including overall market conditions.
Want to ask more about Cardano or other cryptos?
$ADA #CryptoExplorerFiesta #cardano #cardanocommunity #CardanoEcoSystem #Binance
See original
Now Many Are Talking About Crypto Investment! 💬
Two coins that are currently in the spotlight are Cardano (ADA) and IntelMarkets (INTL). 🌟
Cardano: Already Stronger, But... 🚀
Cardano has been an old player in the crypto world. 🕰️ After several upgrades, Cardano is now considered stronger and more stable. 💪 However, according to experts, it is quite difficult for
Cardano to increase 10x in the near future. 📉
IntelMarkets: A Promising Newcomer 🌈
IntelMarkets is still new, but it has already caused a stir in the crypto market. 🎉 Why? Because this project has a unique concept, namely combining blockchain technology, DeFi, and AI in one platform. 🤖 Many predict that the price of IntelMarkets will increase rapidly in the near future. 📈
Why is IntelMarkets More Interesting? 🤔
New Project: 🌱 Usually, new coins have a higher upside potential. Unique Concept: 🎨 This combination of blockchain, DeFi, and AI could be a game-changer in the crypto market. Still Cheap: 💰 It's currently in pre-sale, so the price is still very affordable.
Conclusion: 🔑
If you're looking for a coin for short-term investment, IntelMarkets could be an interesting choice. 🌟 But, remember, investing in crypto is risky. ⚠️ Don't just listen to other people's opinions, but find out for yourself before deciding to invest. 🔍
Disclaimer: ⚠️ This information is only for knowledge purposes. 📝 This does not mean that this is investment advice. 💼 Always do your own research before making investment decisions. 📊
$ADA
#CryptoExplorerFiesta #cardano #cardanocommunity #ADA
What do you think? Leave it in the comments! 💬😉
Two coins that are currently in the spotlight are Cardano (ADA) and IntelMarkets (INTL). 🌟
Cardano: Already Stronger, But... 🚀
Cardano has been an old player in the crypto world. 🕰️ After several upgrades, Cardano is now considered stronger and more stable. 💪 However, according to experts, it is quite difficult for
Cardano to increase 10x in the near future. 📉
IntelMarkets: A Promising Newcomer 🌈
IntelMarkets is still new, but it has already caused a stir in the crypto market. 🎉 Why? Because this project has a unique concept, namely combining blockchain technology, DeFi, and AI in one platform. 🤖 Many predict that the price of IntelMarkets will increase rapidly in the near future. 📈
Why is IntelMarkets More Interesting? 🤔
New Project: 🌱 Usually, new coins have a higher upside potential. Unique Concept: 🎨 This combination of blockchain, DeFi, and AI could be a game-changer in the crypto market. Still Cheap: 💰 It's currently in pre-sale, so the price is still very affordable.
Conclusion: 🔑
If you're looking for a coin for short-term investment, IntelMarkets could be an interesting choice. 🌟 But, remember, investing in crypto is risky. ⚠️ Don't just listen to other people's opinions, but find out for yourself before deciding to invest. 🔍
Disclaimer: ⚠️ This information is only for knowledge purposes. 📝 This does not mean that this is investment advice. 💼 Always do your own research before making investment decisions. 📊
$ADA
#CryptoExplorerFiesta #cardano #cardanocommunity #ADA
What do you think? Leave it in the comments! 💬😉
See original
Good News for Cardano (ADA) Owners! 🎉
There's good news for those of you who have Cardano (ADA) coins. 💙 A famous coin expert, Dan Gambardello, is predicting that the price of ADA will increase very high in the near future. 📈 He said, ADA could increase up to 10 times from its current price! 🚀
Why Could It Increase That Much? 🤔
There are several reasons why experts are optimistic about ADA:
Cardano's Strength: Even though its price has dropped a lot, ADA is stronger than expected. 💪
Rapid Development: Cardano continues to develop, becoming faster and able to accommodate many users. ⚡
Active Community: The Cardano community is also increasingly solid and involved in decision making. 🌟
What Does This Mean for You? 💭
If this prediction is correct, this means a good opportunity for those of you who have ADA. 💰 The price could go up to $1 by the end of this year, some even say it could go up to $5 in the future! 🌈
But Remember⚠️
Before you decide to invest, don't forget to find out more first. 📚 The crypto market likes to go up and down, so don't immediately believe all predictions. 📉
The bottom line🔑
The good news is, Cardano's future looks bright. ☀️ But still, investing has its risks. ⚠️ So, decide for yourself, whether you want to enter the Cardano world or not. 🤷♂️
$ADA
#CryptoExplorerFiesta #cardano #cardanocommunity #ADA
What do you think? Leave it in the comments! 💬😉
There's good news for those of you who have Cardano (ADA) coins. 💙 A famous coin expert, Dan Gambardello, is predicting that the price of ADA will increase very high in the near future. 📈 He said, ADA could increase up to 10 times from its current price! 🚀
Why Could It Increase That Much? 🤔
There are several reasons why experts are optimistic about ADA:
Cardano's Strength: Even though its price has dropped a lot, ADA is stronger than expected. 💪
Rapid Development: Cardano continues to develop, becoming faster and able to accommodate many users. ⚡
Active Community: The Cardano community is also increasingly solid and involved in decision making. 🌟
What Does This Mean for You? 💭
If this prediction is correct, this means a good opportunity for those of you who have ADA. 💰 The price could go up to $1 by the end of this year, some even say it could go up to $5 in the future! 🌈
But Remember⚠️
Before you decide to invest, don't forget to find out more first. 📚 The crypto market likes to go up and down, so don't immediately believe all predictions. 📉
The bottom line🔑
The good news is, Cardano's future looks bright. ☀️ But still, investing has its risks. ⚠️ So, decide for yourself, whether you want to enter the Cardano world or not. 🤷♂️
$ADA
#CryptoExplorerFiesta #cardano #cardanocommunity #ADA
What do you think? Leave it in the comments! 💬😉
See original
We understand that many people hate #cardano $ADA . What can we say other than we hope you are lucky with what you have now. but we want to emphasize, we are ready to face anything together #cardanocommunity we are still here no matter what happens. sure $ADA $1😇
did u know someone or whales buy 100 million ada today ? can u help me counting the price and do u think thats guys stupid or smart ? $ADA #ADA #cardanocommunity
See original
happy with this news #cardano #cardanocommunity ❤
Coinspeaker
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Cardano Ecosystem Launches USDM, Its First Fiat-Backed Stablecoin
Coinspeaker Cardano Ecosystem Launches USDM, Its First Fiat-Backed Stablecoin
The Cardano blockchain platform has launched a new stablecoin called USDM, marking a milestone in decentralized finance (DeFi) on the network. Developed by Mehen Finance, USDM is the first stablecoin of its kind on Cardano, and its value is directly pegged to real-world currency, ensuring stability and reliability.
The launch of USDM, which took place on March 17th, represents a promising change in the cryptocurrency market. Unlike other algorithmic stablecoins on Cardano, USDM’s value is directly tied to fiat currency, aligning with Cardano’s goal of providing a secure and robust financial infrastructure. Holders of this coin are allowed to mint or redeem USDM via the United States dollar.
Overcoming Challenges and Ensuring Compliance
The journey to USDM’s creation was not without challenges. The development process faced delays due to issues with U.S. banks in 2023. According to Matthew Plomin, a founding partner of Mehen Finance, in an X space, the bank it was working with, Cross River, stopped working with Mehen when it teamed up with Circle, the second-largest stablecoin firm.
What will the launch on the 16th look like? Regulation, fee structure and more! AMA
Did you miss the space!?#cardano $USDM March 16th! Saturday! https://t.co/LnD3qN94Mk (edited)
— $USDM on Cardano (@MehenOfficial) March 13, 2024
However, Mehen Finance persevered and overcame these obstacles by leveraging fintech solutions Plaid, facilitating the creation and redemption of USDM.
One of the key advantages of USDM is its commitment to regulatory compliance. Mehen Finance is now trying to secure licenses in the UK and Europe, ensuring global accessibility and promoting financial inclusivity. This approach aligns with Cardano’s vision of creating a decentralized financial system that is accessible to all.
The launch of USDM has been met with positive reactions from the Cardano community, which views it as a pivotal moment for DeFi on the network. With over 2,000 partners ready to integrate USDM into various platforms, such as lending protocols and decentralized exchanges, the potential for widespread adoption is significant.
Mehen Finance emphasizes transparency and security as core principles, leveraging smart contracts and decentralized oracles to instill confidence among stakeholders. This approach is crucial in the stablecoin market, where trust and reliability are paramount.
While established stablecoins like USDT and USDC have large market caps, USDM’s unique qualities position it as a strong contender within the Cardano ecosystem. By offering a fiat-backed stablecoin, the coin provides a reliable and stable alternative for DeFi transactions on the Cardano network.
As USDM enters the competitive stablecoin landscape, it represents a significant step forward for the Cardano ecosystem, offering new opportunities for financial inclusivity, transparency, and innovation in decentralized finance.
Community Reaction and Business Opportunities
As the launch of USDM progresses, crypto enthusiasts and fans of Cardano have echoed the arrival of the stablecoin and seen it as the beginning of a new era in the history of Cardano. Marcel Knobloch, a blockchain researcher, on his X page stated:
“This fully fiat-backed marvel by Mehen Finance is here despite banking hurdles and market giants. It’s not just a coin; it’s a revolution in stability! Mint and redeem with real dollars. A new era for #CardanoDeFi begins. Get ready to see it soar!”
Moreover, in a Mehen post, the company extended an invitation to business owners to be part of the first group of institutional minters of USDM.
next
Cardano Ecosystem Launches USDM, Its First Fiat-Backed Stablecoin
The Cardano blockchain platform has launched a new stablecoin called USDM, marking a milestone in decentralized finance (DeFi) on the network. Developed by Mehen Finance, USDM is the first stablecoin of its kind on Cardano, and its value is directly pegged to real-world currency, ensuring stability and reliability.
The launch of USDM, which took place on March 17th, represents a promising change in the cryptocurrency market. Unlike other algorithmic stablecoins on Cardano, USDM’s value is directly tied to fiat currency, aligning with Cardano’s goal of providing a secure and robust financial infrastructure. Holders of this coin are allowed to mint or redeem USDM via the United States dollar.
Overcoming Challenges and Ensuring Compliance
The journey to USDM’s creation was not without challenges. The development process faced delays due to issues with U.S. banks in 2023. According to Matthew Plomin, a founding partner of Mehen Finance, in an X space, the bank it was working with, Cross River, stopped working with Mehen when it teamed up with Circle, the second-largest stablecoin firm.
What will the launch on the 16th look like? Regulation, fee structure and more! AMA
Did you miss the space!?#cardano $USDM March 16th! Saturday! https://t.co/LnD3qN94Mk (edited)
— $USDM on Cardano (@MehenOfficial) March 13, 2024
However, Mehen Finance persevered and overcame these obstacles by leveraging fintech solutions Plaid, facilitating the creation and redemption of USDM.
One of the key advantages of USDM is its commitment to regulatory compliance. Mehen Finance is now trying to secure licenses in the UK and Europe, ensuring global accessibility and promoting financial inclusivity. This approach aligns with Cardano’s vision of creating a decentralized financial system that is accessible to all.
The launch of USDM has been met with positive reactions from the Cardano community, which views it as a pivotal moment for DeFi on the network. With over 2,000 partners ready to integrate USDM into various platforms, such as lending protocols and decentralized exchanges, the potential for widespread adoption is significant.
Mehen Finance emphasizes transparency and security as core principles, leveraging smart contracts and decentralized oracles to instill confidence among stakeholders. This approach is crucial in the stablecoin market, where trust and reliability are paramount.
While established stablecoins like USDT and USDC have large market caps, USDM’s unique qualities position it as a strong contender within the Cardano ecosystem. By offering a fiat-backed stablecoin, the coin provides a reliable and stable alternative for DeFi transactions on the Cardano network.
As USDM enters the competitive stablecoin landscape, it represents a significant step forward for the Cardano ecosystem, offering new opportunities for financial inclusivity, transparency, and innovation in decentralized finance.
Community Reaction and Business Opportunities
As the launch of USDM progresses, crypto enthusiasts and fans of Cardano have echoed the arrival of the stablecoin and seen it as the beginning of a new era in the history of Cardano. Marcel Knobloch, a blockchain researcher, on his X page stated:
“This fully fiat-backed marvel by Mehen Finance is here despite banking hurdles and market giants. It’s not just a coin; it’s a revolution in stability! Mint and redeem with real dollars. A new era for #CardanoDeFi begins. Get ready to see it soar!”
Moreover, in a Mehen post, the company extended an invitation to business owners to be part of the first group of institutional minters of USDM.
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Cardano Ecosystem Launches USDM, Its First Fiat-Backed Stablecoin